Bankers and other financial services professionals across the world woke Monday to a new, unprecedented era of compliance: an international, potentially devastating embargo against Russia after the Kremlin intensified its military campaign in Ukraine over the weekend.
The EU is struggling to implement unprecedented financial and commercial restrictions against Russia because of inadequate oversight, uneven enforcement and longstanding gaps in the bloc's defenses against illicit finance, senior officials told the European Parliament.
U.K. officials have issued an unprecedented license to allow Chelsea FC to continue operating after the government blacklisted the west London club's owner, Roman Abramovich, following Russia's invasion of Ukraine.